Checking Account reviews from Reddit

Summary

We analyzed 189 Reddit reviews across 23 subreddits and 41 posts to rank the best Checking Account brands recommended by redditors, including communities like r/Banking, r/povertyfinance, r/smallbusiness, r/personalfinance, r/copilotmoney. Top-rated brands include Capital One (4.3/5), Fidelity (4.7/5), SoFi (3.9/5).

Stats

Reviews189

Subreddits23

Posts41

Brands61

Products37

Top communities

r/Banking39 r/povertyfinance21 r/smallbusiness21 r/personalfinance20 r/copilotmoney15

189 reviews from

and

By Brand

By Product

Capital One

4.3

(21)

"I couldn't be happier. So nice not to have to jump through hoops to avoid monthly fees."

"CapitalOne - no monthly fees or minimums."

"I personally use Capital One and it's been great."

"I also like Schwab checking and capital one 360."

"And they all work flawlessly!"

"NerdWallet says Capitol One is the best bank for this sort of thing."

"We have all of our accounts with Capital One."

"Capital One has been awesome for me!"

"I will be opening a Capital One account as well for the rare times I need Zelle and to deposit cash."

"I also keep a Capital One 360 checking/savings account and it’s easy enough to instant transfer to it to write a paper check."

Fidelity

4.7

(14)

"Fidelity Cash Management Account. Free, Free checks, ATM fee reimbursement, Free billpay, US customer support."

"No fees, Free ATM basically everywhere, Checkbook, Debit card."

"I’m sticking with Fidelity. Never had an issue or head did anyone who did."

"Integrates well with Copilot too."

"My 17 year old has a Fidelity Youth account which is a teen-owned brokerage account."

"Fidelity is objectively the best."

"Fidelity is the best!"

"I believe Fidelity is the only brokerage that lets you have your cash in a money market fund."

"I'm using a Fidelity cash management account for this."

"Keep your money and direct deposit it into Fidelity, TD Ameritrade, Vanguard, etc."

SoFi

3.9

(13)

"I switched to SoFi from DCU years ago and haven’t looked back."

"Currently getting 4% with access to Zelle for instant transfer."

"SoFi and Chime works like a charm for me!"

"Discover could be a cool option for you if you plan to use a debit card because it offers 1% cash back on debit card purchases."

"I really like Sofi."

"I heard BOA or sofi are better."

"Sofi or current."

"I use SoFi as it is easy to use and has no fees."

"SoFi has 4.6 high yield savings, easy to sign up too."

"Did a SoFi HYSA and that's about it."

Chase

3.8

(12)

"I have chase and I like them."

"We use Chase."

"Chase – rock solid for Zelle + bonuses, but expect old-school vibes and hidden fees if you’re not careful"

"I have always had good luck with Chase. I have been using them since high school."

"Overall would recommend."

"Chase offers kids account as young as 6."

"Chase integration is solid, haven't experienced any reauthorization requests."

"Most major banks should be fine. One of my credit unions didn’t work with a lot of fintech apps so I’ve opened BoA and Chase accts."

"I use Wealthfront, Chase, Bank of America, and Ally."

"Chase if you can do the minimum daily balance requirements."

Ally

4.7

(9)

"I have Ally and love it. It meets all of your wishes. Free with no minimum balance requirements, Has Zelle capabilities."

"Have been very happy with them."

"I'm a big fan of Ally myself. No fees, can open one quickly."

"Ally 👍"

"Ally and sofi are awesome online options."

"Not sure on the caps but I use Ally and they've been great."

"I use Ally and they have all that. My transfer still takes 1 business day, and CS has always been US based."

"I use Wealthfront, Chase, Bank of America, and Ally."

"I’ve had Ally for a while now, a lot of their competitors weren’t around when I signed up."

Credit Union

4.6

(7)

"They were best option. I have both a personal account and a separate business account."

"Credit Unions for the win. Banks suck and credit unions are amazing."

"Credit unions tend to have the best interest rates because they operate as cooperatives that are essentially owned by their customers."

"Look into bigger credit unions with wider fields of membership that you can join."

"I recommend a good credit union. Low to no fees, low borrowing rates, higher than average savings rates."

"Credit union."

"Find a credit union."

Charles Schwab

5.0

(6)

"The take out international money from an atm with no fee is a win for me."

"Free checking and they reimburse all ATM fees."

"I also like Schwab checking and capital one 360."

"I ended up making Schwab my main checking."

"Oh also, Charles Schwab. Free checking."

"Probably Schwab."

Discover

4.1

(7)

"0 fees and it gives money back on purchases."

"Discover has the best debit card and free checking account right now."

"I have discover savings not checking. I have capital one checking."

"Discover checking is highly rated, though it may change in a couple years since Capital One bought them."

"Discover checking account or capital one 360 checking. Both no fees, no minimums. Have debit cards and zelle. Discover debit cards gives 1% cashback."

"Discover has no minimum balance requirements, account transfers are speedier than most, the customer service is US Based."

"As someone who currently banks with discover. I would recommend another bank. All of what they said is true but there is a lot of issues with them as well."

Novo

4.0

(7)

"I liked Novo best. It has a clean interface, helpful features, and no fees or gotchas."

"The online banks like Novo or Relay, are much more convenient."

"I am using : https://www.novo.co/"

"I use Novo for two small businesses and am very happy with them."

"Check out novo."

"Would work fine for you. They’re really just web app skins built on top of other established banks."

"I would not suggest Novo bank (online), mainly because of the days to clear tenant checks and days to clear outgoing ACH’s."

#10

Bank of America

4.0

(6)

"I’ve been pretty happy with Bank of America. No fee with minimum $500 balance or direct deposit, lots of locations, decent customer service, lots of free ATMs, Zelle, overdraft protection."

"Never pay fees. ATMs everywhere. Overdraft protection."

"Bank of America has a checking and savings that are free for people under 25."

"Most major banks should be fine. One of my credit unions didn’t work with a lot of fintech apps so I’ve opened BoA and Chase accts."

"I use Wealthfront, Chase, Bank of America, and Ally."

"BoA has been great for me."

#11

Mercury

3.8

(6)

"I'm currently using Mercury, haven't faced any issues as yet. Their UI fits digital business perfectly."

"I use Mercury and it’s been great."

"Looking to start an account at Mercury. They are a platform on top of a network of smaller banks."

"Mercury and Wise are very easy to set up and to use"

"Mercury."

"What I would not recommend is Mercury. The problem with it not being a real bank is how long it takes to move money, like forever."

#12

Bluevine

4.2

(5)

"I can't recommend BlueVine enough. High interest rate business checking account with no monthly fees."

"I signed up a few months ago with Bluevine and I’m happy so far."

"Offers 4% apy for business checking."

"I went with Bluevine. No fees, free ACH, no minimums, easy online management."

"Bluevine business checking. gives 1.5% interest on balance."

#13

Wells Fargo

3.8

(5)

"Has been great for the Copilot integration, I have had 0 issues with it."

"I have Wells Fargo for personal and business. The personal account is free without restrictions and the business account is free as long as I have an average of $1,000 in it for the month."

"They offered the best sign-up bonus and had the lowest requirements before fees kick in."

"We used Wells Fargo, they have savings accounts for kids with no fees."

"SoFi is the absolute worst and no one should do business with them at any level."

#14

Navy Federal

4.8

(4)

"Find a credit union. I joined Navy Federal, but there's a lot of different ones out there."

"I would just stay with Navy Fed, I have them and they're great."

"I’d honestly just stay with Navy Federal. They are fantastic."

"Navy Federal and they permit what is called a campus checking account."

#15

Capital One 360

4.5

(4)

"Capital one 360 is great."

"I’ve had an excellent experience with Capital One 360."

"I'd suggest Capital One 360, out of the ones you mentioned."

"Capital One 360, Discover, Schwab, Alliant Credit Union, a fee-free local credit union are all potentially great options."

#16

Ally Bank

4.7

(3)

"I'm a big fan of using Ally Bank for everything."

"Ally and SoFi are ones I use."

"If your average balance is 3k, you'll make a little over $100 in interest a year."

#17

Local Bank

4.3

(3)

"Customer service is top notch."

"All of my buddies who own companies were having meltdowns because wells fargos and etc."

"I went with a business focused local bank instead."

#18

Wealthfront

4.3

(3)

"4.25% right now and you get an extra 0.5% with a referral."

"I use Wealthfront, Chase, Bank of America, and Ally."

"Wealthfront! Check them out. 4.8% apy"

#19

East Cambridge Savings Bank

5.0

(2)

"I've been very happy with ECSB so far."

"I liked their customer service so much I opened a checking acct!"

#20

Upgrade

5.0

(2)

"Rewards checking is usually 2% back but they have different businesses up to 10% that change monthly."

"Rewards checking is usually 2% back but they have different businesses up to 10%."

#21

CUTX

5.0

(2)

"I used a credit union. no fees."

"Look for local credit unions. Checking accounts have no fees, minimal initial deposit and online banking."

#22

Sunmark

3.0

4.0

4.0

(1)

"Marcus by GS has 4.5, but if you look around for a sign up code you can get an extra 1% for the first 3 months."

#61

US Bank

3.0

(1)

"Usbank silver business checking is $6 a month with a paper summary or free if you opt for a digital monthly activity summary."

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